The Keynesian Fraud

Keynesian economics is mostly a fraud and always has been. It has little theoretical basis and no empirical support, as I have previous explained.Our school system has convinced the public that government is the source of most good and can solve all problems. Generations of children have been taught that Franklin Delano Roosevelt "saved" us from the Great Depression. History textbooks proclaim this. Yet Roosevelt's Treasury Secretary clearly contradicted this myth: We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot! - Henry Morganthau, Treasury Secretary, May...(Read Full Article)